Patria Investments Q4 2023 Adj EPS $0.47 Beats $0.37 Estimate, Sales $111.70M Beat $83.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Patria Investments (NASDAQ:PAX) reported Q4 2023 earnings of $0.47 per share, surpassing the $0.37 estimate, a 30.56% increase from last year. Sales reached $111.70M, beating the $83.09M estimate, marking a 22.34% increase from the previous year.
February 15, 2024 | 11:17 am
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Patria Investments reported a significant beat on both earnings and sales estimates for Q4 2023, indicating strong financial performance.
Beating earnings and sales estimates usually leads to positive investor sentiment and can drive the stock price up in the short term. The substantial growth over the previous year's figures further strengthens the case for a positive impact on PAX's stock price.
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IMPORTANCE 90
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